November 11, 2009

Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)This document has been translated from the Japanese original, for reference purposes only. In the event of any discrepancy between thistranslated document and the Japanese original, the original shall prevail.

Listed company name:
Japan Airport Terminal Co., Ltd.
Listing exchange: Tokyo, 1st Section
Code number:
9706
URL: http://www.tokyo-airport-bldg.co.jp/
Representative:
Isao Takashiro, President
Contact:
Shokichi Ishiguro, Senior Managing Director TEL: 03-5757-8030
Scheduled date of securities report submission:
November 13, 2009
Scheduled date of dividend payment commencement:
December 3, 2009
(Figures shown are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the First Half of FY2009 (April 1, 2009 to September 30, 2009)(1) Consolidated Business Results (Cumulative)(Percentage figures indicate the rates of changes from the same period in the previous fiscal year.)

Operating revenues

Operating income

First Half of
FY2009Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

60,221(12.8)

2,342(39.9)

2,298(45.4)

1,293(45.3)

FY200869,089

–

3,900

–

4,207

–

2,363

–

Net income per shareFirst Half of
FY2009Ordinary income

Diluted net income per share

Yen

Yen

13.76
23.53

FY2008––(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

190,060
186,364

101,574
122,557

52.4
64.5

1,239.29
1,197.40

As of September 2009
As of March 2009
Reference: Equity capital

Net income

As of September 30, 2009: ¥99,623 million

As of March 31, 2009: ¥120,280 million

2. Dividends
Dividends per share(Record date)

Q1 EndQ2 EndYen

Q3 EndYen

Year-EndYen

FY20086.50––
FY2009–6.50
FY2009–(forecast)
Note: Revisions to the above forecast of dividends results in the current period under review: None

Annual
Yen

Yen

6.50

13.00

6.50

13.00

3. Forecast of Consolidated Financial Results for the FY2009 (April 1, 2009 to March 31, 2010)(Percentage figures indicate the rates of changes from the previous fiscal year.)

Operating revenues
Millions of yen%

Operating income
Millions of yen

Ordinary income%

Millions of yen

Net income pershare

Net income%

YenFull-year
121,500(8.2)
4,800 (25.0)
4,300 (36.4)
2,200 (44.8)
Note: Revisions to the above forecast of consolidated financial results in the current period under review: Yes

25.23

-1-

%

Millions of yen

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)

4. Other Information(1) Significant changes in subsidiaries during the period under review (changes in specific subsidiaries involving changes
in scope of consolidation): None
(2) Adoption of simplified accounting methods and specific methods for quarterly accounting: Yes(Note) For details, please refer to “4. Other Information” on page 6 under the “Qualitative Information / Financial Statements”
section.

(3) Changes in accounting principles, procedures, and the display method of presentation associated with preparation of
the quarterly consolidated financial statements (matters to be included in the section, “Change in Basic Conditions to
Prepare the Quarterly Consolidated Financial Statements”)
1) Changes due to revisions of accounting standards, etc.: Yes
2) Changes in matters other than 1) above: None
(Note) For details, please refer to “4. Other Information” on page 6 under the “Qualitative Information / Financial Statements”
section.

(4) Number of shares outstanding (common stock)1) Number of shares outstanding as of the period-end (including treasury stock)
As of September 2009: 84,476,500 shares
As of March 31, 2009: 100,540,000 shares
2) Number of treasury stock as of the period-end

As of September 2009: 4,089,058 shares
As of March 31, 2009: 88,807 shares
3) Average number of shares outstanding (quarterly consolidated cumulative period)First Half of FY2009: 93,982,493 shares First Half of FY2010: 100,451,475 shares*Statements regarding the proper use of financial forecast and other special remarks
1. The Company has revised its consolidated financial forecast for the year ending March 31, 2010, which was announced on May 13,
2009.
2. The forecast was made based on information available at the time the material was released, and actual earnings may differ from theforecast for various reasons.
3. For matters related to financial forecast mentioned above, please refer to “4. Qualitative Information on Consolidated Financial
Results Forecast” on page 6 under the “Qualitative Information / Financial Statements” section.

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Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)(Reference) Forecast of Non-Consolidated Financial Results for FY2009 (April 1, 2009 to March 31, 2010)
Operating Revenues

Full year（Percentage figures indicate the rates of changes from the previous fiscal year.）
Net Income
Operating Income
Ordinary Income
Net Income
per Share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

97,700

(8.4)

3,300

(28.8)

2,800(42.5)

2,000(33.8)

22.93

Note: Revisions to the above forecast of non-consolidated financial result in the current period under review: Yes* Explanation concerning the appropriate use of estimated business results and other special notes
1. The Company has revised its non-consolidated financial forecast for the year ending March 31, 2010, which was announced on
May 13, 2009.
2. The forecast was made based on information available at the time the material was released, and actual earnings may differ fromthe forecast for various reasons.

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Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)

Qualitative Information / Financial Statements
1. Qualitative Information on Consolidated Business Results
During the first half of the current fiscal year, the Japanese economy has seen some positive signs of recovery, against
the backdrop of improved economic conditions overseas. Nevertheless, overall corporate earnings continue to decline
significantly, amid worsening employment conditions and sluggish consumer spending. Therefore, the economy still
remained in a difficult situation during the first half of the current fiscal year.
Meanwhile, the airline industry had experienced a sharp decline over the past quarters in the number of both
domestic and international passengers due to the economic downturn and the H1N1 influenza outbreak. However, thisdeclining trend slowed down since July, thanks to the consecutive holidays in September and other factors. In particular,
the number of outbound Japanese passengers, as well as inbound passengers from China, on international flights pickedup buoyed by the termination of fuel surcharges, etc. Yet, the outlook of the industry will continue to be uncertain,
over-shadowed by concerns on the prolonged H1N1 influenza and a recent increase in fuel prices.
Under these conditions, the Japan Airport Terminal (JAT) Group has continued to focus all its energy on
implementing stricter safety measures at passenger terminal buildings, thoroughly adopted a customer-first philosophy
and strove to further improve service. We also aggressively worked on improving efficiency in managing the passenger
terminal buildings, activating business operations, promoting management rationalization, in order to foster ourbusiness growth and strengthen the management base.
Aiming to improve corporate value, we focus on promoting strategies based on three primary criteria; namely,
business, financial, and organizational strategies. As part of the financial strategies, we have acquired approximately 20
million shares of our treasury stock through a tender offer on July 28th, 2009. This buyback was intended to improve
our capital efficiency and ROE, and subsequently followed by the retirement of approximately 16 million shares on
September 30, 2009, in order to increase shareholder value.
With respect to the organizational strategies, we have introduced a corporate officer system to ensure the principle of“separation of supervision and execution" as well as smooth decision-making processes. In addition, we plan toconsolidate some of our subsidiaries aiming for a more effective and streamlined organizational structure, which will,
therefore, be able to handle our contracted operations for the new international flight passenger terminal building at
Haneda.
Our performance during the current half year has slackened despite a reversal of the declining trend in the number ofpassengers. This was due to negative factors such as still-weak consumer confidence and termination of some of ourwholesale operations which supply duty-free items to other company’s duty free shop at Narita International Airport.
Under such tough circumstances, we all worked together as a group to improve our business profitability, throughaggressive efforts in implementing strategies to further increase revenues, adopting strict cost-cutting measures, and soon.
As a result, consolidated operating revenues for the current half year fell 12.8% compared with the same period of
the previous year to ¥60,221 million. Due to an increase in expenses arising from new business for the newinternational terminal building which will be in service in October 2010, operating income fell 39.9% to ¥2,342 million,
and ordinary income declined 45.4% to ¥2,298 million. Net income for the first half of the current fiscal year declined
45.3% to ¥1,293 million.
The following is a breakdown of earnings by segment.
[Facilities Management]
Rent revenue from the domestic terminals at the Tokyo International Airport (Haneda) came below the level for theprevious first half year because of a decline in rents from office space for airline companies, and other reasons.
Facility user charges revenue also fell from the previous first half year because of a fall in passenger volume on
domestic and international flights.
In addition, other revenues declined compared with the same period of the previous year, as a result of decreases in
the number of users of the for-pay waiting room “Airport Lounge” and in the number of vehicles using parking
facilities, etc.
As a result, operating revenues from the facilities management operations declined 2.9% compared with the previous
first half year to ¥19,874 million and and operating income posted ¥1,401 million (almost unchanged from the same
period of the previous year) owing to a gradual decline in depreciation expenses, a decrease in utilities cost, etc.
[Merchandise Sales]
With respect to stores in the domestic terminals, the JAT Group worked to enhance its profitability by adopting several
measures such as introducing new brands, sales promotion campaigns, and upgrading of our online shopping website.
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Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)

Sales, however, came below the level of the same period of the previous year due to a decline in passenger volume.
Meanwhile, sales from stores in the international terminal decreased significantly from the same period of theprevious year, due to a sharp drop in international passenger traffic, weakened purchasing power of arriving
international passengers affected by fluctuations in exchange rates, etc.
Despite our efforts to capture new customers in the wholesale business, other sales also remained well below thelevel of the same period of the previous year due to a decline in the number of international passengers and terminationof some of the wholesale contracts.
As a result, operating revenues from merchandise sales operations decreased 17.6% compared with the previous firsthalf year to ¥34,728 million and operating income fell 31.3% to ¥2,835 million.
[Food and Beverage]
Sales from restaurants decreased from the same period of the previous year due to a decline in passenger volume, etc.,
despite our efforts to introduce new franchises within the domestic terminal building at the Tokyo International Airport(Haneda) in order to boost sales.
Sales of in-flight meals decreased over the previous first half year because the number of meals provided dropped
dramatically as airlines continued to cut costs, shift to smaller aircraft, and reduce the number of flights to address
shrinking passenger volume on international flights.
As a result, operating revenues from food and beverage operations fell 9.2% compared with the previous first halfyear to ¥8,117 million. In spite of the cost-cutting efforts, operating loss amounted to ¥38 million.

2. Qualitative Information on Consolidated Financial Position(1) Status of assets, liabilities and net assets
Total assets increased by ¥3,695 million compared with the previous fiscal year-end to ¥190,060 million due toincreases in cash and time deposits.
Total liabilities increased by ¥24,679 million compared with the previous fiscal year-end to ¥88,486 million becauseof an increase in short-term loans and long-term loans payable.
Net assets decreased by ¥20,983 million compared with the previous fiscal year-end to ¥101,574 million because of adecrease in retained earnings due to retirement of treasury stock and an increase of deferred loss on hedges.
Accordingly, the equity ratio was 52.4%.
(2) Status of Cash flows
Cash and cash equivalents (hereinafter referred to as “cash”) at the end of current first half year increased by ¥4,334
million compared to the end of the previous fiscal year-end, to ¥20,027 million.
The following is a summary of various cash flows and the factors behind the flows for the period under review.
[Cash flows from operating activities]
Cash generated from operating activities fell 17.2% from the same period of the previous fiscal year, or ¥1,218 million
to ¥5,872 million.
This was mainly attributable to a decrease in income before income taxes although inventory decreased.
[Cash flows from investing activities]
Cash used in investing activities increased by 10.6% from the same period of the previous fiscal year, or ¥719 million
to ¥7,533 million.
This was mainly due to a increase in payments for acquisition of tangible fixed assets as well as increase in paymentsof long-term loans.
[Cash flows from financing activities]
Cash provided by financing activities amounted to ¥5,994 million (¥5,695 million was used in the previous first halfyear.)
This was mainly due to an increase in revenues from short- and long-term loans, although there was an increase inpurchase of treasury stock.

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Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)

3. Qualitative Information on Consolidated Financial Results Forecast
We have revised our consolidated financial results forecast previously announced on May 13, 2009. This was based on
our perspectives on a continuing tough business environment, significant underperformance of operating results for the
first half of the current fiscal year, although there have been some positive factors such as the commencement ofinternational charter flights between Haneda Airport and Beijing Capital International Airport starting from October 25,
2009. As a result, we updated our forecasts of consolidated financial results for the year ending March 31, 2010 as
operating revenues of ¥121.5 billion (down 8.2% from the same period of the previous year), operating income of ¥4.8
billion (down 25.0%), ordinary income of ¥4.3 billion (down 36.4%), and net income of ¥2.2 billion (down 44.8%).
The JAT Group will implement full-scale preparations for the Tokyo International Airport (Haneda) Re-expansion
Project, which is planned to commence in October 2010 and expected to further expand and develop the air transportsystem in the Tokyo metropolitan area. To achieve this objective, we strive to establish a solid management foundation
within the Group, through a range of measures such as the appropriate handling of new international charter flights
between Haneda and Beijing, development of new products to be sold at Haneda Airport, strengthening of wholesale
businesses, and efforts to capture international passengers, while continuing sales promotion and cost cutting measures.
In addition, we did not translate the impact of the H1N1 influenza outbreak from the third quarter onwards into our
projection, since it is difficult to estimate the degree of impact at this stage.

4. Other Information(1) Significant changes in subsidiaries during the period under review (changes in specific subsidiaries involving changes
in scope of consolidation): None
(2) Adoption of simplified accounting methods and specific methods for quarterly accounting:1) Method used to value inventories
Inventories at the end of the first half of the current fiscal year are calculated using a reasonable method based on thephysical inventory amount at the end of the previous fiscal year, in lieu of performing physical inventory count. In
addition, the carrying amount of inventories is reduced to estimated net selling value only where there is an obvious
decrease in profitability.
2) Method of calculating depreciation of fixed assets
For assets depreciated using the declining-balance method, depreciation expenses applicable to the current fiscal year
are calculated on a pro-rata basis.
3) Calculation of tax expenses
Tax expenses are calculated by making a reasonable estimation of the effective tax rate on income before income
taxes for the fiscal year including the first half of the current fiscal year after the application of deferred tax
accounting and applying the estimated effective tax rate to quarterly income before income taxes.
In addition, income taxes-deferred are included in the item of income taxes.
(3) Changes in accounting principles, procedures, and presentation associated with preparation of the quarterly
consolidated financial statements:
Changes in accounting standard
The JAT Group has previously adopted the completed-contract method of accounting to report income and costs forconstruction contracts. However, beginning with the current first quarter consolidated accounting period, the
Accounting Standard for Construction Contracts (ASBJ Statement No. 15 of December 27, 2007) and the Guidanceon Accounting Standard for Construction Contracts (ASBJ Guidance No. 18 of December 27, 2007) will be applied
to the recording of revenue related to contract construction. For construction contracts on which work begins in thefirst quarter of the current fiscal year, where the results of work completed as of the end of the second quarter of thecurrent fiscal year can be deemed assured, the percentage of completion method will apply (with the cost accounting
method used to estimate the percentage of completion), while the completed contract method will apply to all otherconstruction.
The changes will have no impact on profits.

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Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)

Changes in presentation of financial statements(Quarterly Consolidated Statements of Income)“Commission for purchase of treasury stock” was previously included in the item of “Miscellaneous expenses” under“Non-operating expenses” for the first half of the previous year. However, the cost exceeds twenty hundredths of thetotal amount of non-operating expenses during the first half of the current fiscal year; therefore, it is listed as aseparate item in this report.
In addition, the amount of Commission for purchase of treasury stock included in “Miscellaneous expenses” under“Non-operating expenses” for the first half of the previous year was zero.
(Quarterly Consolidated Statements of Cash Flows)“Purchase of treasury stock” was previously included in the item of “Others” under “Cash flows from financing
activities” for the first half of the previous year. However, the expenditure becomes increasingly important during thefirst half of the current fiscal year; therefore, it is listed as a separate item in this report.
In addition, the amount of purchase of treasury stock included in “Others” under “Cash flows from financing
activities” for the first half of the previous year was zero.

(Additional Information)
Allowance for directors’ retirement benefits
The Company and its consolidated subsidiaries have previously recorded the allowance for directors’ retirement
benefits under the internal regulations on directors’ retirement benefits. However, following the resolutions at theBoard of Directors at each company to abolish the system of directors’ retirement benefits, the Annual General
Meeting of Shareholders held in June 2009 approved the abolishment, and decided to pay, instead, a retirement
allowance to each resigning director and corporate auditor corresponding to their term of office.
In connection with this decision, we have reversed the allowance for directors’ retirement benefits in full, andincluded the payment amount of ¥1,021 million according to such abolishment into the item of “Other fixedliabilities” listed on the fixed liabilities section.

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Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)

5. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)First half of FY2009 (Asof September 30, 2009)

FY2008(As of March 31, 2009)

Cash and time deposits

19,40915,910Accounts receivable

5,684

5,456

Marketable securities

1,449

2,549

Merchandise and finished products

3,160

3,895

Raw materials and stored goods

104

70

Deferred tax assets

1,066

1,093

Other current assets

2,405

1,341

Allowance for doubtful accounts

(39)

(42)

33,241

30,274

241,418

240,994

Accumulated depreciation and impairment loss

(136,155)(130,525)

Buildings and structures, net

105,262

110,468

Machines, devices and vehicles

10,58910,587

Accumulated depreciation and impairment loss

(8,923)(8,707)

Machines, devices and vehicles, net

1,665

1,879

Land

10,578

10,578Construction in progress

12,026

6,972

Other fixed assets

20,614

20,497(16,317)(15,631)

Other fixed assets, net

4,297

4,865

Total tangible fixed assets

133,830

134,764

902

616

Investment securities

7,585

8,847

Deferred tax assets

8,380

8,406

Other investments

6,120

3,454

Total investments and other assets

22,086

20,709Total fixed assets

156,819

156,090

TOTAL ASSETS

190,060

186,364

ASSETS
Current assets

Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures

Accumulated depreciation and impairment loss

Intangible fixed assets
Investments and other assets-8-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)(Millions of yen)First half of FY2009 (Asof September 30, 2009)

FY2008(As of March 31, 2009)

Accounts payable-trade

4,505

4,274

Short-term loans payable

28,411

9,324

Income taxes payable

1,089

2,009

Allowance for employees’ bonuses

964

868

Allowance for directors’ bonuses

66

170

Other current liabilities

7,647

9,018

Total current liabilities

42,68525,665Long-term loans payable

34,247

26,290Allowance for employees’ retirement benefits

4,787

4,897

–

1,383

Other fixed liabilities

6,765

5,570

Total fixed liabilities

45,80038,141TOTAL LIABILITIES

88,48663,807

Common stock

17,48917,489

Capital surplus

21,30921,310Retained earnings

65,18880,611

Treasury stock(4,080)(80)

Total shareholders’ equity

99,906

119,330

Unrealized gains on other securities

835

974

Deferred gains (losses) on hedges(1,118)

(24)

(283)

950

1,951

2,276

TOTAL NET ASSETS

101,574

122,557

TOTAL LIABILITIES AND NET ASSETS

190,060

186,364

LIABILITIESCurrent liabilities

Fixed liabilities

Allowance for directors’ retirement benefits

NET ASSETS
Shareholders’ equity

Unrealized gains and adjustments

Total unrealized gains and adjustments
Minority interests-9-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)(2) Quarterly Consolidated Statements of Income(Millions of yen)

Operating revenues
Rent revenue
Facility user charges revenue
Other revenues
Sale of merchandise
Sale of food and beverage
Total operating revenues
Cost of sales
Cost of sales of merchandise
Cost of sales of food and beverage
Total cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and wages
Provision for employees’ bonuses
Provision for directors’ bonuses
Expenses for retirement benefits
Provision for directors’ retirement benefits
Rent expenses
Outsourcing and commission
Depreciation expenses
Other costs and expenses
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Investment profit on equity method
Miscellaneous revenue
Total non-operating income
Non-operating expenses
Interest expenses
Commission for purchase of treasury stock
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Total extraordinary income
Extraordinary loss
Loss on valuation of investment securities
Total extraordinary loss
Quarterly income before income taxes
Income taxes-current
Minority interests income (loss)
Quarterly net income

First Half of FY2008(from April 1, 2008
to September 30, 2008)

First Half of FY2009(from April 1, 2009
to September 30, 2009)

7,161
8,020
4,386
41,643
7,878
69,0897,080
4,101
34,275
7,007
60,22130,498
4,087
34,58534,50425,076

3,361
1,098
94
381
121
3,949
3,979
7,330
10,28830,603
3,900

3,438

28
124
161
450
764
384
–
73
457
4,207

- 10 -

7,756

3,750
28,82731,394

924
66
422
67
3,771
3,715
6,748
9,895
29,051
2,342
32
56
87
537
713
391
292
74
758
2,298

–
–

14

–
–
4,207
1,792
51
2,363

41

14

41
2,272
990
(11)
1,293

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)(3) Quarterly Consolidated Statements of Cash Flows(Millions of yen)

Cash flows from operating activities
Quarterly income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for employees’ retirement
benefits
Increase (decrease) in allowance for directors’ retirement
benefits
Increase (decrease) in allowance for employees’ bonuses
Increase (decrease) in allowance for directors’ bonuses
Interest and dividends received
Interest paid
Investment loss (profit) on equity method
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of tangible fixed assets
Loss on retirement of tangible fixed assets
Decrease (increase) in accounts receivable
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in accounts payable
Increase (decrease) in other current liabilities
Increase (decrease) in other fixed liabilities
Commission for purchase of treasury stock
OthersSubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by operating activities
Cash flows from investing activities
Placement of time deposits
Proceeds from withdrawal of time deposits
Purchase of marketable securities
Proceeds from sales of marketable securities
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of stocks of affiliates
Purchase of treasury stock of subsidiaries
Purchase of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchase of intangible fixed assets
Purchase of long-term prepaid expenses
Payments of long-term loans receivableCollection of long-term loans receivable
Other payments
Other proceeds
OthersNet cash provided by (used in) investing activities- 11 -First Half of FY2008

First Half of FY2009(from April 1, 2008

(from April 1, 2009

to September 30, 2008)

to September 30, 2009)

4,207
7,341

2,272
6,759

(17)

(109)

44

(1,383)

224
(101)
(153)
384
(161)
–
–
(9)
56
(394)
(18)
(919)
(53)
(841)
62
–
(21)
9,628
149
(351)
(2,335)
7,091

95
(103)
(88)
391
(87)
(14)
41
(0)
15
(227)
700
(1,001)
231
(710)
1,052
292
(121)

(263)
–
(1,895)
1,499
(5)
400
–
–
(5,047)12(54)(3)(1,333)
10
–
–
(132)
(6,814)

(13)
300
(499)
2,147
(7)
96
(1)
(18)
(6,390)
0
(405)
(100)
(2,669)
11
(7)
22

8,004
88
(375)
(1,844)
5,872–(7,533)

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)(Millions of yen)

Cash flows from financing activities
Proceeds from short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Purchase of treasury stock
Dividends payment by parent company
Dividends paid to minority shareholders
OthersNet cash used in financing activities
Effect of exchange rate change on cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of term
Cash and cash equivalents at end of term

- 12 -First Half of FY2008

First Half of FY2009(from April 1, 2008

(from April 1, 2009

to September 30, 2008)

to September 30, 2009)––(4,855)
–
(803)
(36)
(0)
(5,695)(0)(5,418)16,088
10,66920,10011,400(4,465)(20,356)
(652)
(29)
(11)
5,994
0
4,334
15,69320,027

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)(4) Notes to the Premise of a Going Concern
There is nothing to report.
(5) Segment Information
a. Business Segment Information
First Half of FY2008 (from April 1, 2008 to September 30, 2008)(Millions of yen)

Facilities
Management

Merchandise
Sales

Food andBeverage

Eliminations/Corporate

Consolidated

19, 41041,8007,878

69,089–69,089

1,052

366

1,065

2,484

(2,484)–

20,46342,166

8,943

71,573(2,484)69,089

1,401

4,127

195

5,724

(1,824)

3,900

Total

Operating revenues(1) Sales to externalcustomers(2) Intersegment sales andtransfers
Total
Operating income

First Half of FY2009 (from April 1, 2009 to September 30, 2009)(Millions of yen)

Facilities
Management

Merchandise
Sales

Food andBeverage

Eliminations/Corporate

Consolidated

Operating revenues(1) Sales to externalcustomers(2) Intersegment sales
and transfers

18,82934,384

7,007

60,221–60,221

1,045

343

1,110

2,499

(2,499)–Total

19,87434,728

8,117

62,720(2,499)60,221

Operating income (loss)

1,401

2,835

(38)

4,199

(1,856)

2,342

Total

b. Sales by Business Segment(Millions of yen)First Half of FY2008(from April 1, 2008
to September 30, 2008)
Facilities Management

First Half of FY2009(from April 1, 2009
to September 30, 2009)

19,41018,829Rent revenue

7,161

7,080

Facility user charges revenue

8,020

7,756

Others

4,229

3,992

41,80034,384

Sales at stores in the domestic terminal

16,971

16,235

Sales at stores in the international terminal

10,411

7,998

Others

14,417

10,150Food and Beverage

7,878

7,007

Restaurants sales

4,991

4,649

In-flight meals sales

2,480

2,056

405

301

69,08960,221

Merchandise Sales

OthersTotal- 13 -

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Half of the Fiscal Year Ending March 31, 2010 (FY2009)(6) Notes to a significant change in shareholders’ equity
1) Purchase of treasury stock
Upon resolution of the 65th Ordinary General Meeting of Shareholders held on June 26, 2009 regarding matterswith respect to the purchase of treasury stock in accordance with Article 156.1 of the Companies Act, as applied
pursuant to Article 165.3 of the said Act, we have acquired 20,063,500 shares of our common stock for a total priceof ¥20,063 million through a tender offer by July 28th, 2009.
2) Retirement of treasury stock
Upon resolution of our Board of Directors Meeting held on September 11, 2009 regarding the retirement oftreasury stock, we have cancelled 16,063,500 shares of our common stock for a total of ¥16,063 million, whichbecame effective on September 30, 2009.

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